Federal Acquisition Regulations (FAR)



Federal Acquisition Regulations (FAR)

FAR and the relationship between the federal budgetary and acquisition systems

FAR (Federal Acquisition Regulation) is the regulation of the federal government which governs the goods and services acquisition through the executive branch agents of the federal government. The federal government is the biggest buyer of the services and goods traded all over the world. The trend has shows that the department of defense of a country and its associated executive branch agencies carry out most of the purchases on the behalf of federal government. In this way, the most of the purchases and acquisitions ...